How does scarcity determine the economic value of an item?

by the amount of goods that are produced
by the capital required to build the factory
by the unlimited wants of the consumers
by the resources consumed in production

Answers

Answer 1

Scarcity determines the economic value of an item by the amount of goods produced.

What is economic scarcity?

It corresponds to a context where there is a greater demand than supply for a good or service, generating an economic imbalance.

Therefore, in a situation of scarcity, consumers' desires may be limited, leading to higher prices and reduced purchasing power.

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Answer 2

Answer: by the resources consumed in production.

Explanation:

Scarcity determines the economic value of an item by the limited amount of resources available to produce it. When there is a limited supply of a good, but a high demand for it, the price of the good will be higher because people are willing to pay more for it. On the other hand, if there is an abundant supply of a good and a low demand for it, the price will be lower because there is less competition for it. The capital required to build a factory and the resources consumed in production can also affect the economic value of an item, but these factors are often determined by the availability of resources and the level of demand for the good.


Related Questions

why did the Harriet Beecher Stowe’s Uncle Tom’s Cabin cause the Civil War?

Answers

Answer:

Stowe's Uncle Tom's Cabin widened the chasm between the North and the South, greatly strengthened Northern abolitionism, and weakened British sympathy for the Southern cause. The most influential novel ever written by an American, it was one of the contributing causes of the Civil War.

Explanation:

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What position does DR Martin Luther king jr hold in his speech I have a dream

Answers

Dr. Martin Luther King Jr., as position of Baptist minister Dr. Martin Luther King Jr. gave a speech as an "I Have a Dream."

What is Speech?

A speech is an oral presentation made to a live audience. Speech purpose: to persuade a big audience of her point of view.

I Have a Dream” This speech was a motive to deliver civil rights moments, economic rights, and an end to racism in the United States. Martin Luther King Jr. gave an important speech on August 28, 1963, in American history.

As a result, Martin Luther King Jr. as position on Baptist minister.

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help mee thank youu!

brainiest given!

Answers

Answer:

option 3

Explanation:

the word Tao literally means "way"

Answer:

Answer 3: The Way

Explanation:

The term "Tao" means way, path, or principle.

why is it important to learn about the impact that colonization had on indigenous women in 1876? giving brainliest:)

Answers

The Europeans brought many diseases with them that decimated Native American populations

please define social psychology and discuss some of "social psychology's big ideas."

Answers

Answer:Social psychology is the scientific study of how the thoughts, feelings, and behaviors of individuals are influenced by the presence of others and the internalized social norms that humans are influenced by, even when alone.

Explanation:

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A bright light shines into Aubree's eyes. Which organ system will the nervous system alert in order to allow less light into her eyes?


circulatory


immune


musculoskeletal


respiratory

Answers

The nervous system alert in order to shrink of eye is musculoskeletal system.

What is musculoskeletal system?

The musculoskeletal system is an essential component of human health. The musculoskeletal system provides form, stability, and movement to the human body.

In addition to providing the body with structure and the means for movement, the musculoskeletal system acts as an endocrine system, stimulated by exercise, interacting through biochemical signaling with other organs in the body.

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What does the acronym M.A.I.N stand for?

Answers

Answer: militarism, alliances, imperialism and nationalismThe M-A-I-N acronym is often used to analyse the war – militarism, alliances, imperialism and nationalism.


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Which of the following statements best describes the Baker and Pascua River Dam project in Chile?

Answers

Answer:

the project will bring more electricity resources to Chile, but there will be negative effects to people and the environment.

Explanation:

Compare and contrast a structure-based model of recognition and a view-based model.

Answers

Is based on a hybrid representation of shale in which view like representations

Determine if Pepsi and coca-cola are duopoly

Answers

Both Pepsi and coca cola are a duopoly.

What is duopoly?

Duopoly is a  market  that is competitive and in this market in two different companies  selling almost similar products sell their product to Large number of consumers because they have large consumer base.

In a duopoly market the producer are the determinant of the market price of the product they sell to consumer and the beverage companies are known to control about seventy five percent of the market.

Therefore Pepsi and Coca cola are a duopoly.

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what does the authors use the descriptive phrase 'paternal acres and native air in the first stanza most suggested about the speker

Answers

Answer:

He remembers his family fondly.

Explanation:

What does a bank do with people's money? (4 points)

a
Buys computers with it to help run the bank

b
Stores it in small boxes until the individual requests it

c
Lends it to other people and charges interest

d
Gives it back right away and pays interest

Answers

Hopefully, the answer to your question is C.

What is the current account for each country?

United States:
-Purchased $800 of goods and services
-Sent $100 of humanitarian aid
-Americans spent $200 in Chinese stock market
-American tourists spend $1000 in China

China:
-Chinese tourists spend $1000 in the US
-Purchased $300 of goods and services
-Chinese purcgaed a $600 business in the US
-Chinese government purchased US bonds​

Answers

Answer: I can only calculate the us number but it’s $2100

Explanation:

ways in which community Can help in Shaping one's personalities​

Answers

Answer: The community has a big influence in shaping one's community because you are a person living in that said community. The culture, trends, practices, and such will affect your habits, decisions, and choices because the community is a big impact on your life.

The graph shows a recent budget for the state of washington 

Answers

Based on the budget for the state of Washington, the source of government revenue is sales and property taxes.

Where does the Washington state government get revenue?

As a state government, the Washington state government relies on taxes for its revenue.

The budget shows however, that most of the taxes are from the sales of goods and services in the state, and properties that are in the state.

Question:

Washington’s state government collects (blank) taxes to generate revenue.

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Which law protect citizens from human rights violations

Answers

Answer:

The Universal Declaration of Human Rights (1948)

Explanation:

Discuss relevance of analyzing social social problem Social work field.​

Answers

Answer:

A social problem is an issue within the society that makes it difficult for people to achieve their full potential. Poverty, unemployment, unequal opportunity, racism, and malnutrition are examples of social problems. So are substandard housing, employment discrimination, and child abuse and neglect.

What is foreign employment?​

Answers

Being employed in a different country than that of a persons origin

The price of a gallon of almond milk increases from $5 to $10, so people start buying more oat milk as an alternative. This causes a shift to the left in the demand for almond milk. Demand for almond milk ____________ because of a change in ___________.

A. Increased; tastes and preferences
B. Increased; number of buyers
C. Decreased ; related goods
D. Decreased; income

Answers

The demand for almond milk decreased because of a change in income.

What is a demand?

It means the quantity of a good that consumers are willing to buy at particular prices during a given period of time.

Here, as the price of a gallon of almond milk increases, the demand for almond milk decreased because of a change in income.

Therefore, the Option C is correct.

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Answer: Decreased; income

Explanation:

Differentiate monopoly quantity from efficient quantity

Answers

Monopoly quantity produces too little output at too high a cost but efficient quantity is where the demand equals the marginal cost.

What is a monopoly?

A monopoly refers to the dominant position of an industry or a sector by one company.

The efficient quantity of output is where the demand highly equals the marginal cost whereas monopoly quantity produces too little output at too high a cost.

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Define the key issues of prejudice and discrimination and explain how they impact on people with mental health needs.

Answers

Prejudice is when someone has a negatively biased outlook towards a certain group of people, and a negative attitude towards them.
Discrimination is when those feelings are acted upon.
These issues may impact someone with a mental health condition by making their symptoms worse, making them become discouraged or lose hope, and by creating a negative environment in which they cannot be accepted, cope, or heal.
Also, it may affect those born with permanent mental health needs by creating a toxic environment in which they cannot comprehend why they are being treated the way they are, causing them to either shun themselves from society, or lash out towards it.

what would you do if your mother tells you that you to look after the house?

Answers

Answer:

well then you would look after the house

Explanation:

first what ever you do don't brake anything second Keep the house clean don't make any messes third it is always good to lock the doors just to be safe fourth if there was any messes before she left maybe help and to a little more and clean that to

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each statement, determine if it is a characteristic of a lease or a purchas
Mileage is limited.
Buying a vehicle
There are no mileage restrictions.
Payments are smaller.
The car is returned after the contract.
You can sell the car at any time.
Payments are generally higher.
Leasing a vehicle

Answers

Payment are generally higher in lease purchase

What is lease purchase?

Lease purchase allows individual to pay in bit until the full payment of an item is made.

After the payment the individual is entitled to carry or take the property.

It is done based on agreement between the seller and the individual who wants to purchase. The individual pays more because of the time of payment.

Therefore, Payment are generally higher in lease purchase

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The Magna Carta...

A) Created taxes
B) Divided England
C) Declared war on France
D) Limited the king's power

Answers

Answer:

D) Limited the king's power

Explanation:

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Which of the following is a natural barrier to the entry of firms in an industry?

A. Issuing of patients
B. A public franchise
C. License
D. Economies of scale

Answers

Answer:

D

Explanation:

The correct answer to this question is D

Economies of scale are the natural barriers of entry achieved by firms when it produces...

Answer:

D

Explanation:

Economies of scale are the natural barriers of entry achieved by firms when it produces something.


Dear students, construct 5 arguments consisting of premise and conclusion statements and indicator words in group. The argument you construct must be your own and the arguments must be good and bad argument types. ​

Answers

To build a good argument, it is essential to have a foundation on your ideas, which will lead the reader to reflect on what is being said.

How to build an effective argument?

It is essential that ideas be organized in a logical way, based on a scientific basis if possible, with data and information that increase reliability.

Therefore, in order for your premise and conclusion to be in line with your objective, you should also include group indicator words, such as for premise the word "assuming that", and for conclusion the word "consequently".

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When considering local issues, which point of view is best?
Both human needs and environmental protection should be considered.
Human needs must always come before environmental protection.
Either human needs or environmental protection should be considered, depending upon the situation.
Environmental protection must always come before human needs.

Answers

Answer: #1 Both human needs and environmental needs should be considered

During the Middle Ages, Jews
a.

were discriminated against throughout Europe.
b.

controlled territory in much of Europe.
c.

had a strong alliance with Muslims.
d.

began several important universities.



Please select the best answer from the choices provided

Answers

c. had a strong alliance with Muslims

Answer:

b

Explanation:

i am muslim i should know

Select all the correct answers.
What was a result of the Brown v. Board of Education ruling?

20 POINTSIt encouraged many African American students to enroll in all-White schools in the South.
It convinced individuals that integration was too dangerous for African Americans.
It changed the majority of individuals’ perspectives on desegregation in schools.
It showed that racial separation continued even after segregation was outlawed.
It displayed that the Board of Education had more influence over the ruling.

Answers

B : it changed the majority of individuals perspectives on desegregation in schools , i believe .

Analyze how limitations to the right to freedom of expression of the media may assist in promoting public safety

Answers

The state may however limit the freedom of expression on certain grounds such as national security
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